– The ruling party as well as the opposition HDZ have openly protected the interests of banks at the expense of citizens, the economy, and the market – is the reaction of the Franak Association to the parliamentary debate held on Tuesday, during which the Government and the Legislative Committee expressed negative opinions on the proposal to abolish the currency clause.
The Association believes that the Government and the Legislative Committee, although confirming their commitment to market deregulation in a way that favors the interests of the banking sector, will sooner or later have to request the Croatian National Bank (HNB) to implement measures to remedy the already incurred damage for users of loans with a currency clause in Swiss francs.
– These loan users were not given the opportunity to receive transparent offers from commercial banks before contracting loan products and have been deprived of an equal relationship between the contracting parties. The reminder from the former Minister of Finance about warnings that came from the Ministry and from the former governor of the HNB regarding the potential dangers of credit placements in CHF is alarming, as it implies that they were aware of the toxicity of these loan products, yet did not prohibit them - states the Franak Association.
